Local services marketplace Thumbtack lays off 250 employees

Local services marketplace Thumbtack lays off 250 employees

Thumbtack CEO Marco Zappacosta announced in a blog post today that the company has laid off 250 employees. Much has been written about the impact that the COVID-19 and the resulting social distancing/shelter in place measures are having on small businesses (and the...
WTF is the denominator effect?

WTF is the denominator effect?

The last few weeks have just been dreadful for asset managers. Not only have the markets tanked the past few weeks (if slightly recovered from their lows since the signing of the U.S. stimulus bill), but the daily volatility of different assets is making it very hard...